vat audit applicability

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CBEC releases draft GST rules on Assessment and Audit , eWay Bill


CHAPTER ASSESSMENT AND AUDIT 1 Provisional Assessment 1 Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub section 1 of section 60 shall furnish an application in FORM GST ASMT 01 along with the documents in support of his request el

Implementation guide on Auditor's report


Implementation Guide on Auditors Report under Rule 11 d of Companies Audit and Auditors Amendment Rules 2017 and Amendment to Schedule III to Companies Act 2013 Pursuant to Notification No G S R 307 E and Notification No G S R 308 E dated 30th March 2017 Introduction The Ministry of Corporate Affair

GST a clear departure from the scheme of distribution of fiscal powers


Introduction of GST Tax on sale or purchase of goods within a State as per Entry List II of Seventh Schedule of the Constitution is a State subject and accordingly VAT was been introduced by the concerned States in place of turnover taxes The introduction of VAT ensured that credit of taxes paid on

Highlight of the CAG report on Direct Taxes


Highlights The Comptroller and Auditor General of India conducts the audit of Receipts from Direct Taxes of the Union Government under section 16 of the Comptroller Auditor General of India Duties Power and Conditions of Service Act 1971 This Report discusses direct taxes administration audit mandat

Disclosure of specified bank notes in auditor's report


Regarding disclosure requirement and reporting requirement in the Auditors Report that the company has provided requisite disclosures in its financial statements as to holdings as well as dealings in Specified Bank Notes during the period from 8th November 2016 to 30th December 2016 We would like to

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Experts Opinions

Vat return


Hello frnds Please let me know is there any ratio is required to check before filing VAT return with regard to purchases and sales Eg Purchases 1 00 000 Sales 2 00 000 of purchases over sales 50 Is this computation is required

Minimum wages applicability for feed supplements company


Hi Can any one tell me what are the rules for applicability of Minimum Wages for Feed supplements company in Andhra pradesh Thank you in advance

registration under which act vat or service


my clinet is selling recharge voucher of various co his turnover exceed 10 lac how we calculate turnover entire recharge amount or which he receive under which act he has to register service or vat would it make difference that he recharge online or mobile or offline ie through voucher

Cenvat cr


how to book s tax paid under partial reverse charge

Acquisition of partnership firm by private limited company


WE HAVE APPLIED FOR COMPANY NAME FOR OUR RICE MILL THE NAME IS APPROVED BUT WE HAVE JUST STARTED A PARTNERSHIP FEW MONTHS BACK BY THE SAME PARTNERS WHO ARE DIRECTORS OF THE COMPANY NOW THE QUESTION IS HOW TO ACQUIRE ASSETS AND LIABILITIES OF PARTNERSHIP FIRM PLEASE ADVICE US AND PROVIDE DETAILS PROC

Discussion

Applicability sbn notification

Hi Can anyone let me know whetherSBN notification for disclouser in Notes to accounts is applicable for Non Life Insurance Business Because Insurance companies are not required to present their Financial Statement as per Schedule III Proviso 2 od Sub section 1 of Section 129 and ammmendment is made

Vat return

Hello frnds Please let me know is there any ratio is required to check before filing VAT return with regard to purchases and sales Eg Purchases 1 00 000 Sales 2 00 000 of purchases over sales 50 Is this computation is required

Minimum wages applicability for feed supplements company

Hi Can any one tell me what are the rules for applicability of Minimum Wages for Feed supplements company in Andhra pradesh Thank you in advance

applicability of it act

Is income tax amendment act 2017 applicable for CA final nov 2017 exams

First auditor

Dear ProfessionalIf a Pvt co failed to appoint First auditor within prescribed time u s 139 6 Then what are the options available left to the company Any kind of penalty or extension of time with additional fees may applied or not Plz help

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Articles

Audit of taxable person as per CGST Bill


Like existing provision of law every taxable person shall self assess the tax in the Goods and Service Tax regime also The tax departments dont have direct control over supply of goods or services The departments through audit conduct verification of accounts returns and other records related to pro


Whether non ratification of statutory auditor is removal of statutory auditor


Short Summary In this Flash editorial the author begins by referring the provisions of Section 139 140 of Companies Act 2013 relating to ratification of Auditor in every Annual General Meeting Removal of auditor The main thrust of the article however is upon the indirectly removal of Auditor through


Major differences in laws of VAT and GST


Arjuna Fictional Character Krishna Honorable President of India has given ascent to the GST and so it seems that GST will come into force from 1st July 2017 and the landmark is set for further steps Presently VAT is applicable to all the business dealers and now GST will be levied so please explain


How to deal with CA IPCC Audit


Hello friends I discussed about how to tackle CA IPCC tax on my previous article Now I will be discussing about strategy to crack the audit exam Getting good marks in audit may not be everyones cup of tea Because it needs a lots of patience understanding of the subject good strategy as well as prese


Migration of new registration of VAT to GST


Confusion regarding whether we should register in existing DVAT Act or wait for the GST Registration is fundamental to the administration of any tax The taxpayer enrols himself by following the prescribed procedure and thereafter a unique identification code is granted to such taxpayer which is to b


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Updated on : 4/20/2017 11:16:13 AM


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